Traders Buy Shares of Scripps Networks Interactive (SNI) on Weakness

Investors bought shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) on weakness during trading hours on Monday. $58.45 million flowed into the stock on the tick-up and $14.19 million flowed out of the stock on the tick-down, for a money net flow of $44.26 million into the stock. Of all equities tracked, Scripps Networks Interactive had the 8th highest net in-flow for the day. Scripps Networks Interactive traded down ($0.36) for the day and closed at $85.35

SNI has been the topic of a number of recent analyst reports. BidaskClub cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Royal Bank of Canada set a $90.00 price target on shares of Scripps Networks Interactive and gave the company a “hold” rating in a report on Friday, October 20th. Cowen reiterated a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a report on Friday, September 8th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average price target of $85.62.

The firm has a market cap of $11,080.00, a PE ratio of 18.39, a P/E/G ratio of 2.16 and a beta of 1.45. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The firm had revenue of $825.53 million for the quarter, compared to the consensus estimate of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same period last year, the firm earned $1.26 EPS. sell-side analysts forecast that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. Scripps Networks Interactive’s dividend payout ratio is currently 12.88%.

In related news, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the transaction, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the transaction, the director now directly owns 7,520 shares of the company’s stock, valued at $598,667.20. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SNI. Pentwater Capital Management LP purchased a new stake in Scripps Networks Interactive in the 3rd quarter valued at about $310,922,000. Cowen Inc. bought a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at about $223,568,000. Alliancebernstein L.P. raised its holdings in shares of Scripps Networks Interactive by 1,107.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after purchasing an additional 1,911,635 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at about $149,660,000. Finally, Alpine Associates Management Inc. bought a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at about $143,032,000. 60.86% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Traders Buy Shares of Scripps Networks Interactive (SNI) on Weakness” was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/12/27/traders-buy-shares-of-scripps-networks-interactive-sni-on-weakness.html.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

What are top analysts saying about Scripps Networks Interactive? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Scripps Networks Interactive and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit